While I'm positioned short from a while ago, we are at an important juncture as the resistance levels shown coincide with longer term trend lines going back 1 year or so...
I don't think the market is expecting a rate hike although the fed does need to start getting some ammunition ready for the next calamity which is sure to happen at some point,
The market is not pricing it in and with falling earnings despite stock buybacks and rising debt levels - I don't think it is quite out of the woods just yet
I don't think the market is expecting a rate hike although the fed does need to start getting some ammunition ready for the next calamity which is sure to happen at some point,
The market is not pricing it in and with falling earnings despite stock buybacks and rising debt levels - I don't think it is quite out of the woods just yet